The Foundation’s investment portfolio is handled by professional fund managers who specialise in dealing with the charitable sector. They provide quarterly valuations and make an annual report to the trustees. In addition, they organise regular seminars and training events to which the trustees are invited. The current investment objectives of the trustees are to maintain the real value of the portfolio and thereafter to generate as much investment income as possible to finance the awards made by the Foundation.
Management accounts for the Foundation are presented at each trustees’ meeting and audited financial statements are produced for each financial year. The latter are presented at the annual general meeting for approval. The financial statements are filed with the Charity Commission and the Registrar of Companies.